FINANCIAL MANAGEMENT ACT 2006 - SECT 28
FINANCIAL MANAGEMENT ACT 2006 - SECT 28
28 . Advances, Treasurer may authorise etc.
(1) The Treasurer may
authorise advances to be made —
(a) on
the terms and conditions determined by the Treasurer —
(i)
for the temporary financing of works and services of the
State (other than works and services referred to in paragraph (b)); or
(ii)
to a public authority; or
(iii)
to the credit of a special purpose account; or
(iv)
for the purchase of stores;
or
(b) on
the terms and conditions determined by the Treasurer for the temporary
financing of works and services undertaken —
(i)
in conjunction with, or on behalf of, the Commonwealth,
another State, a Territory, a local government or other person; or
(ii)
by the Commonwealth, another State, a Territory, a local
government or other person on behalf of the State.
(2) In subsection
(1)(a) —
public authority means —
(a) a
Minister of the State; or
(b) an
agency, authority or instrumentality of the State; or
(c) a
local government; or
(d) a
body, whether corporate or unincorporate, that is established or continued for
a public purpose by or under a written law.
(3) Advances made
under subsection (1)(a) in a financial year are —
(a) to
be charged in that year to the Treasurer’s Advance Account; and
(b) to
be recovered from the persons to whom or which, or on whose behalf, the
advances were made.
(4) Advances made
under subsection (1)(b) in a financial year are —
(a) to
be charged in that year to the Treasurer’s Advance Account; and
(b) to
be recovered from the Commonwealth, other State, Territory, local government
or other person to, or on whose behalf, the advances were made.
(5) An amount of an
advance made under subsection (1)(a) or (b) that is recovered is to be
credited to the Treasurer’s Advance Account.
(6) An advance made
under this section —
(a) is
to be recovered before the end of the financial year for which the advance is
authorised under subsection (1); or
(b) is
to be subject to a further authorisation under that subsection.